Categories: Economy

FICCI estimate India’s GDP growth rate for FY23 at 7.4%

The Federation of Indian Chambers of Commerce & Industry (FICCI) has estimated India’s GDP to grow at 7.4 per cent in the financial year 2022-23 (FY23). The Ficci’s Economic Outlook Survey was released on April 03, 2022. The report has stated that rising prices due to the Russia-Ukraine conflict is the biggest challenge to the global economic recovery.

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According to the survey, the Reserve Bank of India (RBI) is likely to start a rate hike cycle in the second half of 2022, while a repo rate hike of 50-75 bps is expected by the end of the current fiscal. The RBI is expected to continue supporting the ongoing economic recovery by keeping the repo rate unchanged in its April policy review.

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Sumit Arora

As a team lead and current affairs writer at Adda247, I am responsible for researching and producing engaging, informative content designed to assist candidates in preparing for national and state-level competitive government exams. I specialize in crafting insightful articles that keep aspirants updated on the latest trends and developments in current affairs. With a strong emphasis on educational excellence, my goal is to equip readers with the knowledge and confidence needed to excel in their exams. Through well-researched and thoughtfully written content, I strive to guide and support candidates on their journey to success.

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